Add weight to presentations and pitches by understanding the future growth prospects of the South Korea car manufacturing market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the South Korea economy

Reasons To Buy

What was the size of the South Korea car manufacturing market by value in 2015?

What will be the size of the South Korea car manufacturing market in 2020?

What factors are affecting the strength of competition in the South Korea car manufacturing market?

How has the market performed over the last five years?

Who are the top competitors in South Korea's car manufacturing market?Key Highlights

The passenger cars manufacturers market value is calculated in terms of manufacturer selling price (MSP), and excludes all taxes and levies.

The South Korean car manufacturing industry had total revenues of $54.3bn in 2015, representing a compound annual growth rate (CAGR) of 1.1% between 2011 and 2015.

Industry production volumes declined with a compound annual rate of change (CARC) of -0.5% between 2011 and 2015, to reach a total of 4,135.1 thousand units in 2015.

Key players in the South Korean industry include Hyundai, Kia and General Motors. General Motors has cited increasing labor costs as a key difficulty in maintaining successful production facilities in the country and stopped the sale of Chevrolet branded cars in Europe in 2015, most of which are shipped over from South Korea.